Nifty now has support around 10220. Any Close below 10220 will make the BULL cautious and will try to take support 10125-10150 Which currently stands as a very strong support and BULLS should try to save it. Below the 10120 Level Nifty can slide to the bottom part of the channel ( worst case scenario target stands at 9775 ).
Best Case scenario:
Nifty has breaken out of the channel and have closed above it.
gives a target around 10635